in the viewfinder, Jack Ma resurfaces after 2 months of silence

The Chinese billionaire Jack Ma, in the viewfinder of the authorities, made his reappearance on Wednesday by interposed video, after two and a half months of silence at the origin of many questions.

The founder of the online commerce juggernaut Alibaba had disappeared from the radar after publicly criticizing the financial regulatory authorities at the end of October.

This unusual spike in the direction of the communist regime had earned him a summons from the authorities, which had also banned in extremis the giant IPO of Ant Group, Alibaba’s online payments subsidiary, on the Shanghai and Hong Kong markets. .

But in a video posted online Wednesday, the businessman with a fortune valued at 48 billion euros appeared to be addressing teachers remotely as part of his patronage activities.

This appearance immediately reassured the Hong Kong Stock Exchange, where Alibaba stock rose 8.52% on the session, ending at HK $ 265.

In his online intervention, Jack Ma praised the efforts of the communist regime to eradicate extreme poverty, President Xi Jinping’s flagship project.

He said he was “more determined than ever to help education and the public good,” according to statements reported by the Tianmu News news site.

“China (…) has entered a new phase of development and is progressing towards common prosperity”, welcomed the multi-billionaire, considered one of the country’s greatest fortunes.

The Jack Ma Foundation, which is geared towards helping education, confirmed that its founder, himself a former English teacher, participated in the online event with teachers working in rural areas.

Ant Group’s IPO should have been the biggest ever, exceeding $ 34 billion. His suspension was followed by the opening of an anti-monopoly investigation against the company as well as against Alibaba.

Jack Ma officially retired in 2019 but remains a large shareholder in his companies.

The authorities’ reaction was interpreted as a desire to reduce the risks associated with online finance, but also to control the ambitions of the technological giants.

With AFP.

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